Fairfax Financial (TSE:FFH) Price Target Raised to C$2,200.00 at National Bankshares

Fairfax Financial (TSE:FFH) had its price objective lifted by investment analysts at National Bankshares from C$2,100.00 to C$2,200.00 in a research note issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 25.86% from the stock’s previous close.

FFH has been the subject of a number of other research reports. Royal Bank of Canada upped their price target on Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Scotiabank raised their target price on shares of Fairfax Financial from C$1,950.00 to C$2,000.00 in a research report on Wednesday, July 24th.

Fairfax Financial Stock Down 1.2 %

Shares of TSE:FFH traded down C$21.05 during midday trading on Wednesday, reaching C$1,747.98. 13,648 shares of the company were exchanged, compared to its average volume of 54,544. The firm has a market cap of C$40.75 billion, a PE ratio of 7.79, a P/E/G ratio of 0.27 and a beta of 0.83. Fairfax Financial has a fifty-two week low of C$1,138.41 and a fifty-two week high of C$1,771.00. The stock has a fifty day simple moving average of C$1,667.58 and a two-hundred day simple moving average of C$1,581.94. The company has a quick ratio of 0.93, a current ratio of 3.75 and a debt-to-equity ratio of 40.13.

Fairfax Financial (TSE:FFH) last released its quarterly earnings results on Thursday, August 1st. The company reported C$50.87 earnings per share (EPS) for the quarter, missing the consensus estimate of C$51.23 by C($0.36). The firm had revenue of C$10.25 billion during the quarter. Fairfax Financial had a net margin of 12.27% and a return on equity of 17.91%. As a group, sell-side analysts forecast that Fairfax Financial will post 212.3039807 earnings per share for the current year.

Insider Activity

In other Fairfax Financial news, Director F. Brian Bradstreet sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of C$1,629.00, for a total transaction of C$814,500.00. In other news, Senior Officer Peter Clarke sold 2,000 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of C$1,646.93, for a total value of C$3,293,860.00. Following the transaction, the insider now directly owns 632 shares of the company’s stock, valued at C$1,040,859.76. This represents a 0.00 % decrease in their ownership of the stock. Also, Director F. Brian Bradstreet sold 500 shares of Fairfax Financial stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of C$1,629.00, for a total transaction of C$814,500.00. Insiders sold a total of 6,953 shares of company stock valued at $11,304,176 in the last quarter. Company insiders own 3.76% of the company’s stock.

Fairfax Financial Company Profile

Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.